Stevanato Group (NYSE:STVN) Raised to Buy at Wall Street Zen

Stevanato Group (NYSE:STVN) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Several other brokerages have also recently issued reports on STVN. Weiss Ratings restated a “hold (c)” rating on shares of Stevanato Group in a research report on Monday, December 29th. Morgan Stanley assumed coverage on shares of Stevanato Group in a research note on Monday, December 1st. They issued an “equal weight” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Stevanato Group Stock Performance

Shares of STVN stock opened at €17.22 on Friday. The business’s 50-day moving average price is €21.14 and its 200-day moving average price is €23.49. Stevanato Group has a 12 month low of €16.30 and a 12 month high of €28.00. The company has a current ratio of 1.89, a quick ratio of 1.30 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 1.58 and a beta of 0.58.

Institutional Investors Weigh In On Stevanato Group

Several large investors have recently modified their holdings of STVN. Farther Finance Advisors LLC bought a new position in Stevanato Group during the third quarter worth $44,000. First Horizon Corp bought a new position in shares of Stevanato Group in the 3rd quarter worth about $50,000. State of Wyoming lifted its stake in shares of Stevanato Group by 39,216.7% in the 2nd quarter. State of Wyoming now owns 2,359 shares of the company’s stock valued at $58,000 after purchasing an additional 2,353 shares during the period. Quantbot Technologies LP acquired a new position in shares of Stevanato Group in the 3rd quarter valued at about $68,000. Finally, Van Berkom & Associates Inc. boosted its position in shares of Stevanato Group by 50.6% during the 3rd quarter. Van Berkom & Associates Inc. now owns 3,615 shares of the company’s stock valued at $93,000 after purchasing an additional 1,215 shares in the last quarter.

Stevanato Group Company Profile

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.